Medical Biomimetics Market Rising at 5.5% CAGR During 2018-2024: Analysis of Key Players Applied Biomimetic, Abbott, Veryan Medical, Biomimetics Technologies, Avinent, BioHorizons, BioHorizons IPH

The newly released research at Market Study Report LLC titled “2018-2024 Global Medical Biomimetics Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

Germany medical biomimetics market dominated European region in 2017 and is anticipated to grow at 5.5% during the forecast period. High technological adoption, rising geriatric population prone to suffer from organ failure and increasing incidences of ophthalmology, orthopedic and cardiovascular disorders in the country are driving factors for Germany market.

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Medical Biomimetics Market will reach over USD 34 billion by 2024; as per a new research report. Increasing rate of organ failure coupled with growing geriatric population base will act as growth impact rendering factors for medical biomimetics market during the forecast timeframe. As per the U.S. Census Bureau?s 2017 National Population Projections, there will be nearly 78 million people aged more than 65 years, while 76.7 million under 18 years of age in the U.S. by 2035, thereby escalating demand for biomimetics products in coming future.

High adoption of western culture, unhealthy diet and physical inactivity has led to rising incidences of cardiovascular diseases, resulting in increased demand for biomimetic cardiovascular products. Numerous applications of biomimetics in healthcare industry including fields such as dentistry, orthopedics, cardiovascular, and ophthalmology should stimulate business growth during the analysis period.

Orthopedic product segment accounted for more than 30% market share in 2017 and is estimated to witness significant growth during the forecast period owing to growing demand for orthopedic prosthesis and implants. For instance, increasing number of accidents and injuries has escalated demand for prosthetic limbs. Technological advancements including development of Augment Bone Graft should positively impact segmental growth.

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Application segment of medical biomimetics market includes plastic surgery, wound healing, tissue engineering, drug delivery and others including nanomedicine, drug discovery, enzymatic modification, and medical engineering. Plastic surgery application segment will witness 6.1% CAGR over the coming years due to wide application of biomimetics in plastic surgery for scaffold formation. It is also used in craniofacial surgery for restoration of facial aesthetics, function and form.

Saudi Arabia medical biomimetics market will witness 6.0% CAGR during the forecast timeframe. Growing demand and adoption of cosmetic surgical procedures among women, technological advancements and rising awareness should drive Saudi Arabia medical biomimetics industry during the analysis period. Rising incidences of coronary heart disease coupled with growing uptake of unhealthy habits such as alcohol consumption and tobacco smoking will augment demand for biomimetic products in the region.

Few notable companies operating in global medical biomimetics market are
Abbott, Veryan Medical, Biomimetics Technologies, Avinent, BioHorizons, Applied Biomimetic, and BioHorizons IPH. Industry players are collaborating with universities and other research institutes to strengthen development of innovative biomimetic products. In December 2018, University of Minnesota Technology Commercialization announced launch of Vascudyne Inc., start-up company focusing on development of biologically engineered tissue offering regenerative capacity for therapeutic and medical applications.

Table of Content:

Chapter 1. Medical Biomimetics Market Methodology and Scope

Chapter 2. Medical Biomimetics Market Executive Summary

Chapter 3. Medical Biomimetics Industry Insights

Chapter 4. Medical Biomimetics Market, By Product

Chapter 5. Medical Biomimetics Market, By Application

Chapter 6. Medical Biomimetics Market, By Region

Chapter 7. Medical Biomimetics Market Company Profiles

For more information on this report at: https://www.marketstudyreport.com/reports/medical-biomimetics-market/?utm_source=OPR-SP

Related Report:

Global Urology Medical Biomimetics Market Research Report 2018

This report studies the global Urology Medical Biomimetics market status and forecast, categorizes the global Urology Medical Biomimetics market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia).

https://www.marketstudyreport.com/reports/global-urology-Medical Biomimetics-market-research-report-2018?utm_source=RR-SP

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